Analog Devices Inc. (NASDAQ:ADI), Intrexon Corp. (NYSE:XON) and Dynegy Inc. (NYSE:DYN) are making big gains this Monday. BioDelivery Sciences International Inc. (NASDAQ:BDSI), Organovo Holdings Inc. (NYSEMKT:ONVO) and Transocean Partners LLC (NYSE:RIGP) are posting losses.
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More
Analog Devices Rallies on Analyst Upgrade
Analog Devices jumped +9.23% today after Barclays analysts upgraded their rating on the stock to overweight from equal weight and upped its price target to $70 from $55. Ray Dalio’s Bridgewater Associates has a small stake in the firm.
Intrexon Corp. rallied +8.95% after news broke that the company has entered into a strategic collaboration and licensing agreement with Merck Serono. With 2.9 million XON shares in his portfolio as of the end of the fourth quarter, Dan Loeb will get a boost off of this one.
Dynegy Inc. gained +8.02% today. Late last week, it received authorization to acquire the ownership interests in certain Ohio, Illinois and Pennsylvania commercial generation assets and retail business from Duke Energy and EquiPower Resources Corp. and Brayton Point Holdings LLC from Energy Capital Partners. As of his latest 13F filing, Marc Lasry owns 2.62 million DYN shares.
BioDelivery Sciences Plunges on Trial Results Miss
BioDelivery Sciences International plunged -25.41% this Monday after reporting disappointing trial results on one of its experimental pain treatments. Despite today’s dip, the stock – a Julian Robertson pick – is still up +30% over the past year.
Organovo Holdings fell -8.33% and is down more than -50% in 2015. Chase Coleman’s Tiger Global has taken a hit on this one.
Transocean Partners dipped -6.57% today and has declined -47% since spinning from Transocean last year. Leon Cooperman owns 1.17 million RIGP shares.